时间：2024年10月10日14:00

地点：经管楼312室

主讲人：Roman Matousek 教授，伦敦玛丽女王大学

题目：Economic & Financial Fragility after the COVID-19 pandemic: “Lessons” from the Advanced Economies

摘要：The paper provides a comprehensive analysis of the economic repercussions stemming from the COVID-19 pandemic, drawing comparisons with the aftermath of the Global Financial Crisis (GFC) while emphasizing the theoretical underpinnings of "Minsky's moments" and the Financial Instability Hypothesis (FIH). The COVID-19 crisis, unlike the GFC, precipitated a sudden and unprecedented global economic halt, unearthing systemic vulnerabilities in financial structures worldwide. Policy responses, characterized by extensive quantitative easing and fiscal stimulus reminiscent of the GFC era, have raised concerns regarding their efficacy and potential adverse effects. The discussion extends to macroeconomic facets, such as the proliferation of non-performing loans (NPLs) and the persistence of zombie firms, further accentuating economic fragility. Emerging economies confront additional challenges, grappling with escalating borrowing costs amid a looming "silent debt crisis." Despite concerted efforts to stabilize economies, persistent uncertainties foreshadow a potential Minsky moment characterized by asset devaluation and unsustainable debt levels. The paper concludes by underscoring the imperative for tailored policy interventions and systemic solutions to address the unique exigencies of the COVID-19 crisis and its enduring economic ramifications.

个人简介：Roman Matousek is Professor of Financial Economics and Director for International Partnership at Queen Mary University of London.  Before joining QMUL, Roman served as Director of Research Excellence and Director of the Global Centre for Banking and Financial Innovation (GCBFI) at Nottingham University Business School, University of Nottingham. Before joining Nottingham University, Roman held an appointment as Deputy Head of Kent Business School, University of Kent, UK. Roman is also a member of the prestigious Chartered Association of Business Schools (ABS) International Committee. Roman served as Head of Research and Director of the Research Centre for EMEA Banking, Finance and Economics.

Roman served as Distinguished International Professor at Tongji University, Shanghai, China and Honorary Professor, School of Social Sciences, Business and Management Studies, University of Dundee, Scotland. Roman has currently been appointed as the Visiting Research Economist at SEACEN Centre in Kuala Lumpur, Malaysia, where he leads a project on "Cross-border interbank contagion risk analysis". He received a prestigious Pew Fellowship from Walsh School of Foreign Service at Georgetown University, (USA) and was a Visiting Professor at Tohoku University, Sendai, Japan.

Roman has interests in international banking and finance, financial innovation, monetary economics, development finance, microeconomics of banking and corporate finance. Roman is currently working on FinTech along with his colleagues in Hong Kong and Mainland China. He has extensively been collaborating with the leading Universities in China, Europe and North America. Based on his extensive academic activities in China and ASEAN region, Roman is an expert on higher education in China and other South-East Asian countries.

Roman has extensively published in the leading academic journals and he is the author of several professional books on money and banking and has frequently been invited as a keynote speaker at the International conferences in Europe, USA and Asia.

Roman holds/held the appointments on the editorial boards of several journals including Associate Editor of the Journal of Banking & Finance, Journal of International Financial Markets, Institutions & Money (Elsevier), Managing Editor of International Journal of Monetary Economics and Finance.